Small businesses are feeling better about the economy as sales and earnings trends improve, but they remain reluctant to hire, according to the monthly survey of small businesses by the National Federation of Independent Business.
NFIB’s Small Business Optimism Index rose 1.5 points in January to 94.1. The gain was modest, but the index has been slowly climbing in recent months and January’s number is the highest in more than three years.
Small business owners are growing less confident about the economy, reversing a recent trend of rising optimism, according to a survey released Tuesday.
The National Federation of Independent Business reported that its monthly Index of Small Business Optimism dropped 3.2 points in June, following modest gains in previous months.
Business owners surveyed are most concerned about poor sales (30 percent), taxes (20 percent) and government regulations and red tape (15 percent.)